Beam Global is launching a line of products for charging electric vehicles called BeamSpot™ at the roadside.

In San Diego, September 9, 2024 (GLOBE NEWSWIRE) — Beam Global (Nasdaq: BEEM), a well-known developer of innovative and sustainable infrastructure solutions for transportation electrification and energy security, announced the launch of its patented sustainable electric vehicle (EV) charging system, BeamSpot™. This system serves as a replacement for streetlights and integrates solar, wind, and utility energy sources into Beam Global's integrated batteries, providing reliability, lighting, and electric vehicle charging at the roadside. BeamSpot™ is designed for use in public spaces where vehicle charging is most needed, but traditional installation methods pose challenges. This is particularly relevant for on-street parking, multi-family residential complexes, and public areas such as shopping centers, airports, events, stadiums, and amusement parks.

Last year, Beam Global announced the establishment of Beam Europe following the acquisition of Amiga DOO, one of the leading European manufacturers of streetlights. One of the main advantages of this deal was the enhancement of Beam Global's capabilities to launch BeamSpot™ products in both Europe and the USA.“We are confident that the BeamSpot product solutions series will address real issues both in America and in Europe.”“Expand access to charging stations where it is most needed, on the side of the streets and in parking lots,” said Desmond Wheatley, CEO of Beam Global."Areas with the highest number of electric vehicles often face significant challenges in deploying infrastructure and managing the growing demand for electricity."Traditional charging infrastructure can be expensive and disruptive to install, often requiring significant modifications to existing public spaces. BeamSpot charging stations minimize the need for disruptive construction and electrical maintenance while providing access to charging devices in places where people live, shop, eat, work, and entertain themselves.Since BeamSpot generates and stores renewable energy, it significantly increases power capacity and reduces the risk of outages without the need for building new power plants and transmission and distribution infrastructure.

Using existing streetlight foundations and poles to power electric vehicle charging stations is an innovative solution for expanding charging infrastructure. However, streetlights typically have enough energy only to power the lamps, which is significantly less than what is needed for full electric vehicle charging. BeamSpot™ replaces conventional streetlights with a system that combines multiple renewable energy sources and built-in energy storage, providing deep charging for electric vehicles without the need for new or upgraded power grid schemes or other traditional charging infrastructure requirements, such as digging, construction, leasing, or complex permits.The BeamSpot™ system helps reduce costs, time, and complexity in the process of expanding electric vehicle charging infrastructure, while also lowering electricity expenses, enhancing resilience, and balancing energy grids.

According to estimates, there are about 304 million streetlights in the world, and this number is expected to grow to 352 million by 2025.

About Beam Global:

Beam Global is an innovator in clean technology, developing and manufacturing sustainable infrastructure products and technologies. We operate at the intersection of clean energy and transportation, focusing on sustainable energy infrastructure, rapid deployment, and scalable solutions for electric vehicle charging, safe energy storage, and critical energy security.With offices in the USA and Europe, Beam Global develops, patents, designs, engineers, and manufactures unique and high-tech clean solutions that provide transportation, offer safe sources of electricity, save time and money, and protect the environment.The headquarters of Beam Global is located in San Diego, California, with facilities in Chicago, Illinois, and Belgrade and Kraljevo, Serbia. Beam Global is traded on Nasdaq under the symbol BEEM.

Forecast statements:

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